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Thank you! Because the SS laws will take effect May 2016 I…

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Thank you! Because the SS...
Thank you! Because the SS laws will take effect May 2016 I think there is still a special way to receive an Increase in living,for the next 4 years , may if our income is below poverty do I have to pay $32 for each ? i ask?
Submitted: 2 years ago.Category: Social Security
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Answered in 19 minutes by:
1/17/2016
Social Security Expert: Christopher B, Esq., Attorney replied 2 years ago
Christopher B, Esq.
Category: Social Security
Satisfied Customers: 4,125
Experience: associate attorney
Verified

My name is***** and I will be helping you with your question today. This is for informational purposes only and does not establish an attorney client relationship.

Monthly Social Security and Supplemental Security Income (SSI) benefits will not automatically increase in 2016 as there was no increase in the Consumer Price Index (CPI-W) from the third quarter of 2014 to the third quarter of 2015. So no your benefit will not increase as the COLE did not increase in 2016. Really the only changes are the elimination of the "file and suspend" loophole for the spousal benefit that will cease on May 1, 2016.

Please let me know if you have any further questions and please positively rate my answer as it is the only way I will be compensated for my time by the site.

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Category: Social Security
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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